Aura Systems, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended November 30, 2022
January 13, 2023 at 06:10 am
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Aura Systems, Inc. reported earnings results for the third quarter and nine months ended November 30, 2022. For the third quarter, the company reported sales was USD 0.053767 million compared to USD 0.058373 million a year ago. Net loss was USD 1.26 million compared to USD 1.96 million a year ago. Basic loss per share from continuing operations was USD 0.01 compared to USD 0.02 a year ago.
For the nine months, sales was USD 0.070378 million compared to USD 0.084531 million a year ago. Net loss was USD 2.58 million compared to USD 3.8 million a year ago. Basic loss per share from continuing operations was USD 0.03 compared to USD 0.05 a year ago.
Aura Systems, Inc. (Aura) designs, assembles, tests, and sells its Axial Flux Induction Motor solution and mobile power known as the AuraGen for commercial and industrial applications and the VIPER for military applications. Its business model consists of components such as sales and marketing, design and engineering. Aura's sales and marketing approaches are composed of direct sales in North America and the use of agents and distributors in other areas. In North America, its primary focus is on mobile exportable power applications, electric vehicles applications, United States Military applications and industrial/commercial motor as well as mobile power applications. Its business model is focused on the design of new products and engineering support for sales activities. The engineering support consists of the introduction of new optimized power levels for electric motors and new features for its AuraGen/VIPER solution, such as torque solutions and different input and output voltages.
AURA SYSTEMS, INC. 
